Title Title
Argentina: Macri axes VAT Argentina: Macri axes VAT
Summary Summary
Market-friendly president pulls taxes to basic food products till end of year amidst the country's economic turmoil Market-friendly president pulls taxes to basic food products till end of year amidst the country's economic turmoil
Highlights Highlights
Content Content
  [caption id="" align="aligncenter" width="640"]<img src="https://farm2.staticflickr.com/1874/30464746658_63c620bcce_z.jpg" alt="Credit: Marcos Correa/PR via Flickr/Creative Commons" width="640" height="427" /> Credit: Marcos Correa/PR via Flickr/Creative Commons[/caption]
<strong>Value Added Tax will not be levied to basic foods till December, said Argentina's President Mauricio Macri.</strong> <strong>Value Added Tax will not be levied to basic foods till December, said Argentina's President Mauricio Macri.</strong>
In a videotaped message broadcast in national television, Macri stressed Thursday, 15 August 2019 that the reduction of the VAT to 0% will be applied "throughout the country" and "at all points of sale". In a videotaped message broadcast in national television, Macri stressed Thursday, 15 August 2019 that the reduction of the VAT to 0% will be applied "throughout the country" and "at all points of sale".
"From the situation generated last Monday, I made an exceptional decision which had never been taken in the history of our country before: we will eliminate VAT on the main foods consumed by Argentine families." "From the situation generated last Monday, I made an exceptional decision which had never been taken in the history of our country before: we will eliminate VAT on the main foods consumed by Argentine families."
"I trust this will mean a relief for the pocket of millions of Argentines and we will strictly control that this rule is met throughout the country," said the President. "I trust this will mean a relief for the pocket of millions of Argentines and we will strictly control that this rule is met throughout the country," said the President.
The tax free products include bread, milk, sunflower and blended oil, pasta, rice, wheat flours, herbal teas (yerba mate, mate cocido, tea), canned fruits, greens, vegetables, legumes, yoghurts and sugar. The tax free products include bread, milk, sunflower and blended oil, pasta, rice, wheat flours, herbal teas (yerba mate, mate cocido, tea), canned fruits, greens, vegetables, legumes, yoghurts and sugar.
The measure seeks to alleviate the effects of economic instability unleashed after Sunday's primaries won by opposition leader Alberto Fernández. The measure seeks to alleviate the effects of economic instability unleashed after Sunday's primaries won by opposition leader Alberto Fernández.
Categories Categories
Article type Article type
Tags Tags
Elections, Mauricio Macri, taxes, VAT Elections, Mauricio Macri, taxes, VAT
Author byline Author byline
No No
Has hero Has hero
Yes Yes
Hero Alignment Hero Alignment
full full
Hero Image URL Hero Image URL
None None
Featured Image URL Featured Image URL
Sources Sources
<p><a href="https://www.diariopopular.com.ar/politica/mauricio-macri-anuncio-que-elimino-el-iva-alimentos-basicos-fin-ano-n416813">https://www.diariopopular.com.ar/politica/mauricio-macri-anuncio-que-elimino-el-iva-alimentos-basicos-fin-ano-n416813</a></p> <p><a href="https://www.diariopopular.com.ar/politica/mauricio-macri-anuncio-que-elimino-el-iva-alimentos-basicos-fin-ano-n416813">https://www.diariopopular.com.ar/politica/mauricio-macri-anuncio-que-elimino-el-iva-alimentos-basicos-fin-ano-n416813</a></p>
<p><a href="https://www.ellitoral.com/index.php/id_um/205359-eliminan-el-iva-de-los-principales-alimentos-de-la-canasta-basica-anuncio-de-macri-economia.html">https://www.ellitoral.com/index.php/id_um/205359-eliminan-el-iva-de-los-principales-alimentos-de-la-canasta-basica-anuncio-de-macri-economia.html</a></p> <p><a href="https://www.ellitoral.com/index.php/id_um/205359-eliminan-el-iva-de-los-principales-alimentos-de-la-canasta-basica-anuncio-de-macri-economia.html">https://www.ellitoral.com/index.php/id_um/205359-eliminan-el-iva-de-los-principales-alimentos-de-la-canasta-basica-anuncio-de-macri-economia.html</a></p>
<p><a href="https://www.eldiario.es/economia/Macri-quita-IVA-productos-basica_0_931956798.html">https://www.eldiario.es/economia/Macri-quita-IVA-productos-basica_0_931956798.html</a></p> <p><a href="https://www.eldiario.es/economia/Macri-quita-IVA-productos-basica_0_931956798.html">https://www.eldiario.es/economia/Macri-quita-IVA-productos-basica_0_931956798.html</a></p>

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